Jul 9, 2013 12:00pm EDT
rates to the market without a cap to protect students. this proposal would pay down the deficit on the backs of students, trading national debt for student debt. trading national debt for student debt. it is unacceptable, the letter goes on, to use student loans as a vehicle for deficit reduction, especially when the federal government is projected to make $51 billion on student loans just this year. so that will be the vote tomorrow. and, madam president, i ask consent that this letter, along with the list of the organizations supporting the one-year extension, appear at this point in the record. the presiding officer: without objection. mr. harkin: so that's -- that's really the vote tomorrow. are we going to keep 3.4% or are we going to allow it to double? that's the essence of the vote tomorrow. now, there is a lot of different ideas floating around about what to do, how to do this, but in just about every single case, every one of those bills, if you project out over the next couple of three years, will raise interest rates higher than 6.8%. so again, that's why extending i
Jul 10, 2013 6:00am PDT
of boosting the economy and reducing the deficit, terms that republican lawmakers may be able to digest. in specifics, it reads that reform will grow the economy by 3.3% and bring down the deficit by close to $8850 billion over the next -- by close to $850 billion over the next 20 years. we're back after the break. actually mean it. >> you're putting out there something that you're proud of. journalists want the the story and they want the right story and the want the true story. >> you can say anything here. >> i spent a couple of hours with a hooker. >> your mistake was writing a check. >> she never cashed it! >> the war room. >> compared to other countries with tighter gun safety laws our death toll is just staggering. >> the young turks. >> the top bankers who funneled all the money to the drug lords, no sentence. there's just no justice in that. >> viewpoint. >> carl rove said today that mitt romney is a lock to win next pope. he's garunteeing it. >> joy behar: say anything. >> is the bottom line then that no white person should ever, ever, ever use the "n" word? >> yes! >> only on
Jul 10, 2013 5:00pm EDT
in the future and paying off our deficit. we simply cannot afford to spend taxpayer dollars on research, the private sector can do better and taxpayers should not be asked to provide additional support to an industry that consistently has record-breaking profits. our energy sector has some of the of the most promising ideas and technologies in the world. our energy policy, however, is horribly outdated. h.r. 2609 slashes research and development for renewable energy by some 60% and adds additional money that the administration either want -- neither wants nor needs to research fossil fuels and clean coal. at the same time it continues to spend far too much on fossil fuel r&d. in fact, we dole out more fossil fuel subsidies than any other country. more than $500 billion in 2011. and they often go to expensive projects with little upside. the fact is we don't need to spend taxpayer money this way. fossil fuel companies are highly profitable, posting some of the highest profits in the world, and they can shoulder than other r&d costs. -- their own r&d costs. this is a clear example of dupl
Jul 11, 2013 1:00pm EDT
for passage. today those of us who came to town to cut spending, reduce the deficit, reduce the size of government, and make reforms have a real opportunity to walk the walk. this farm bill does all of those things. this bill is going to save taxpayers $19.3 billion. it's going to repeal or consolidate more than 100 programs at usda. and it's going to repeal the direct program. something that many of my farmers and ranchers back home are -- do not want to give up. the farm bill also does a couple other things. it is being considered separately on its own merits. as many in this body have called for, and it replaces antiquated permanent law so we don't face things like the dairy cliff tend of the year anymore. the bill before us reforms not just the politics of the farm bill, but the process as well. this farm bill has earned our support and i urge my colleagues to vote yes. i yield back. the speaker pro tempore: the gentleman yields back. the gentleman from minnesota is recognized. mr. peterson: i yield two minutes to the distinguished minority whip, the gentleman from maryland, mr.